Nautica receives request for board seats

MichaelBaron

Nautica Enterprises
NAUT, +2.56%
is up more than 21 percent to $13.04 after the company said it has received notice that a group called Barington Companies plans to seek three board seats at the Nautica annual meeting on July 8. Nautica said its board and outside directors would review "the request for board seats and related proposals," and it added that it doesn't know who Barington is or what the group's qualifications are.

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